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Drax Group (DRX)

293.40p

16:05 07/08/20

  • 1.17% 3.40p
  • Today's Low & High
  • 289.33 / 298.00
  • Open / Previous Close
  • 290.60 / 293.40
  • 52-week range
  • 3.09% 8.80p
  • Volume
  • 770,931
  • Market Cap(million)
  • £1,164.57m

293.20p REAL TIME BATS

  • 16:35 07/08/20
  • 0.89%
  • 2.60p

Technical Analysis

Support and resistance levels

S1

2.53
-13.00%

R1

3.14
8.00%

S2

1.26
-57.00%

R2

3.34
15.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 2.86
  • 2.81
  • Levels of negotiation support resistance
  • 2.94
  • 2.97

Technical situation

Long term bearish exhaustion / Positive signal by the loss of support at 2.9.

Recommendation

Short term comment

Rises from the last lows set at allows for the long-term bearish trend to restrain In the short term, the break above the previous relative resistance located at 2.9 it's a very positive signal.

Long term comment

From some months ago, Exhaustion signals that could alert for a trend turn, furthermore, are not yet noticeable.long-term scenario remains bearish.

Indicator Previous Current Signal Comment
RSI 7 77.34 78.21 The RSI 7 points an overbought situation (bullish trend is fragile).
RSI 14 70.33 70.83 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 66.79 67.13 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 58.37 58.52 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 50.59 50.63 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Bullish trend exhaustion signals, without turning signal.
Slow Stochastic n/a n/a Bullish trend exhaustion signals, without turning signal.
Simple Moving Average 7 2.79 2.82 Very short-term trend is bullish.
Simple Moving Average 21 2.68 2.70 Bullish mid-term trend.
Simple Moving Average 50 2.48 2.50 Extremely bullish mid-term trend.
Simple Moving Average 200 2.53 2.53 Bullish long-term trend.
Exponential Moving Average 7 2.81 2.83 Very short-term trend is bullish.
Exponential Moving Average 21 2.69 2.71 Bullish mid-term trend.
Exponential Moving Average 50 2.69 2.71 Bullish mid-term trend.
Exponential Moving Average 200 2.69 2.71 Indefinite long-term trend.
MACD Line 0.10 0.11 Price following bearish trend.
MACD Signal 0.09 0.10 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 2.74 2.76 Extremely bullish very short-term trend.
Double Exponential Moving Average 21 2.55 2.56 Extremely bullish short/mid term trend.
Double Exponential Moving Average 50 2.55 2.56 Bullish mid-term trend.
Double Exponential Moving Average 200 2.55 2.56 Bullish long-term trend.
Divergences n/a n/a NO
On Balance Vol. 298,987.39 312,506.32 OBV is bullish
Momentum 7 0.18 0.14 High rising speed, though not extreme, in very short terms.
Momentum 7 0.30 0.26 Extremely high short-term rising speed.
% K Williams 14.29 16.22 Overbought, would favour a bearish turn.
Priority Date Notification
10/08/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
10/08/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
07/08/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
07/08/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
06/08/2020 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
06/08/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
05/08/2020 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
30/07/2020 By being close (above) the short-term Moving Average, it could move on to higher levels, though if it should break below the MA the signal would revert to bearish
16/07/2020 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
15/07/2020 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
14/07/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.